Monday, August 15, 2011

Michael Shaw: Reading the Pictures: Really, Bachmann Sex Act With Corn Dog?

Michael Shaw: Reading the Pictures: Really, Bachmann Sex Act With Corn Dog?

A Businessman in Congress, Helping His District, and Himself - NYTimes.com

A Businessman in Congress, Helping His District, and Himself - NYTimes.com

Most wealthy members of Congress push their financial activities to the side, with many even placing them in blind trusts to avoid appearances of conflicts of interest. But Mr. Issa (pronounced EYE-suh), one of Washington’s richest lawmakers, may be alone in the hands-on role he has played in overseeing a remarkable array of outside business interests since his election in 2000.

Even as he has built a reputation as a forceful Congressional advocate for business, Mr. Issa has bought up office buildings, split a holding company into separate multibillion-dollar businesses, started an insurance company, traded hundreds of millions of dollars in securities, invested in overseas funds, retained an interest in his auto-alarm company and built up a family foundation.

As his private wealth and public power have grown, so too has the overlap between his private and business lives, with at least some of the congressman’s government actions helping to make a rich man even richer and raising the potential for conflicts.

Stop Coddling the Super-Rich - NYTimes.com

Stop Coddling the Super-Rich - NYTimes.com

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.

By Warren Buffett

taxes; deductions; working from home - latimes.com

taxes; deductions; working from home - latimes.com

The Internal Revenue Service doesn't publish black-and-white rules on every aspect of the topic. Instead it's up to the small-business owner — and his or her tax preparer — to be able to make the case to the IRS as to whether something is a legitimate home-business expense and to what extent.

To be deductible, a home office space "has to be used on a regular basis and exclusively" for the business, said Sam Jarrar, a certified public accountant in Marina del Rey.

Even a corner of a room can meet that test and be deducted, he said. But no working on the family finances in the home office, not matter what size it is.

The deduction is based on what share of the total space in a dwelling the home office takes up. If it's, say, 20%, then the business owner could deduct that portion of a number of indirect costs — such as utilities or real estate taxes — as a business expense. A renter could deduct that percentage of the rent payment.

If the home office deduction is taken, direct costs related only to the space, including repairs or wallpaper, can also be deducted.

Republican Tim Pawlenty ends White House bid - latimes.com

Republican Tim Pawlenty ends White House bid - latimes.com

Tim Pawlenty, the former governor of Minnesota, will end his bid for the GOP nomination after a disapppointing third place finish in the Ames Iowa Straw Poll.

In a conference call with supporters, Pawlenty explained how his campaign needed a boost in the Ames poll, which it had failed to get.

Pawlenty finished a distant third, behind Reps. Michele Bachman and Ron Paul of Texas.

Gallup: Obama job rating sinks below 40% for first time - latimes.com

Gallup: Obama job rating sinks below 40% for first time - latimes.com

President Obama's summer woes have dragged his approval rating to an all-time low, sinking below 40% for the first time in Gallup's daily tracking poll.

New data posted Sunday shows that 39% of Americans approve of Obama's job performance, while 54% disapprove. Both are the worst numbers of his presidency.

Michigan Firm Recalls Ground Beef Products Due to Possible E. Coli O157:H7 Contamination

Michigan Firm Recalls Ground Beef Products Due to Possible E. Coli O157:H7 Contamination

McNees Meats and Wholesale LLC., a North Branch, Mich., establishment is recalling approximately 360 pounds of ground beef product products that may be contaminated with E. coli

The products subject to recall include: 36 - 10 lb. Bags of "McNees Ground Beef Bulk."

Consumers and media with questions about the recall should contact the company's main contact, Melanie McNees, at (810) 688-2408.

Consumers with food safety questions can "Ask Karen," the FSIS virtual representative available 24 hours a day at AskKaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from l0 a.m. to 4 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day.

Mother in 'kids for cash' scandal says she got justice - CNN.com

Mother in 'kids for cash' scandal says she got justice - CNN.com

Former Luzerne County Judge Mark Ciavarella was sentenced to 28 years in prison and ordered to pay about $1 million in restitution last week for his part in the so-called kids for cash scandal.

Ciavarella was found guilty in February of 12 of 39 racketeering and fraud charges for accepting millions of dollars in bribes from friends who owned detention centers to which he sent juveniles.

The case made national headlines when Ciavarella was confronted by Fonzo outside a courtroom after his conviction.

Fonzo's 17-year-old son, Edward Kenzakowski, spent months in detention after Ciavarella sentenced him for possession of drug paraphernalia.

According to Fonzo, her son, who had no prior record, was never able to recover and eventually took his own life.

Immigration group sues to halt detentions

Immigration group sues to halt detentions

A Chicago immigration group has filed a class-action lawsuit in federal court against the Department of Homeland Security, charging that its practice of asking local police to detain immigrants through immigration detainers when there's no evidence of illegal activity is unconstitutional.

An immigration detainer, a key component of DHS' Secure Communities program, is a request from DHS' Immigration and Customs Enforcement to another law enforcement agency to keep individuals in custody so that ICE can investigate their immigration status and potentially take over custody.

"What the lawsuit alleges is that in the vast majority of cases with individuals who have detainers lodged against them, basically ICE says to the locals, 'We are instructing you to detain (an individual) after (your) authority has expired because we have initiated an investigation,'" said Mark Fleming, litigation coordinator for the National Immigrant Justice Center, the group that filed the lawsuit.

Chris Newman, legal director of the National Day Laborer Organizing Network, said, "The Secure Communities program is a catastrophe. It has entangled local police … to the detriment of civil rights. Frankly it has been leading to the 'Arizonafication' of the country."



Friday, August 12, 2011

BBC News - Honda plans $800m new Mexican car plant

BBC News - Honda plans $800m new Mexican car plant

The Mexican plant will cost $800m (£500m) to build, and will employ around 3,200 workers producing up to 200,000 cars a year.

The firm also announced plans to increase production at some of its plants in the US and Canada

The new Mexican factory will start producing by 2014 to meet what the company believes will be increased demand for smaller vehicles.

TGIF: Screw it.....time to have a good time !

Shotgun - YouTube

Deficit 'super committee' reflects party leadership - latimes.com

Deficit 'super committee' reflects party leadership - latimes.com

(Top, left to right) Rep. Jeb Hensarling of Texas; Rep. Dave Camp of Michigan; Rep. Fred Upton, also from Michigan; Sen. Jon Kyl of Arizona; Rob Portman of Ohio; Patrick J. Toomey of Pennsylvania (Bottom, left to right) Sen. Patty Murray of Washington; Sen. Max Baucus of Montana; Sen. John F. Kerry of Massachusetts; Rep. James Clyburn of South Carolina; Rep. Xavier Becerra of California; Rep. Chris Van Hollen of Maryland (August 11, 2011)

Cops saw video of deadly incident with homeless man before writing reports - latimes.com

Cops saw video of deadly incident with homeless man before writing reports - latimes.com

Fullerton's acting police chief acknowledged Thursday that the department had allowed police officers involved in a deadly encounter with a homeless man to watch a video that captures the incident before writing their reports about it.

Acting Chief Kevin Hamilton said supervisors allowed the review so that the officers would have a chance to refresh their memory and write an accurate account of the incident involving Kelly Thomas.

But the practice is at odds with the way many other police departments deal with serious use-of-force cases. The LAPD's former inspector general, Jeffrey Eglash, said that allowing police to look at video before giving evidence is a "bad practice."

One For The Table: The Best Ice Cream in LA

One For The Table: The Best Ice Cream in LA

For the past two months, my children and I have been trying all kinds of ice cream places in and round the city. After Eli's post on finding the best hamburger in Los Angeles over at my other site, BigMouthLA, he made his own editorial calendar of what foods he wanted to critique next. Ice cream, pizza, macaroni and cheese, and burritos are at the top of his list.

Here is his list of favorites:

Milk: 7290 Beverly Blvd, Los Angeles, CA 90036 323 939 6455

Artisan Creamery: 2495 E Washington Blvd Pasadena, CA 91104 626.797.1405

The Gelato Bar: 1936 Hillhurst Ave Los Angeles, CA 90027

Sweet Rose: 225 26th Street, Suite 51 Santa Monica, CA 90402 (310) 260-CONE

Scoops: 712 N Heliotrope Dr Los Angeles, CA 90029 (323) 906-2649



Mitt Romney Heckled, Says Corporations 'Are People, My Friend' (VIDEO)

Mitt Romney Heckled, Says Corporations 'Are People, My Friend' (VIDEO)












Thursday, August 11, 2011

Fake iPhone 5 Available in China

Fake iPhone 5 Available in China

Multisource political news, world news, and entertainment news analysis by Newsy.com

Representative Peter King Questions White House on Bin Laden Film - NYTimes.com

Representative Peter King Questions White House on Bin Laden Film - NYTimes.com

The White House spokesman, Jay Carney, called Mr. King’s suggestion that security was being compromised for political reasons “ridiculous” and said the White House had not divulged any classified information to the filmmakers. Administration officials were providing them with the same information about the Bin Laden raid that they have given to all the news media, he said.

Meanwhile, the filmmakers themselves weighed in with a statement rejecting the notion that their work was intended to serve Mr. Obama’s political interests.

“Our upcoming film project about the decade-long pursuit of Bin Laden has been in the works for many years and integrates the collective efforts of three administrations, including those of Presidents Clinton, Bush, and Obama, as well as the cooperative strategies and implementation by the Department of Defense and Central Intelligence Agency,” Ms. Bigelow and Mr. Boal said.

Wisconsin recall election a test of voter sentiment - latimes.com

Wisconsin recall election a test of voter sentiment - latimes.com

Reporting from Milwaukee and Washington— The setback that Democrats and their labor allies suffered in the battle to reclaim Wisconsin underscores the challenge they and President Obama face as both parties prepare for the 2012 election.

Embattled Fullerton police chief goes on medical leave - latimes.com

Embattled Fullerton police chief goes on medical leave - latimes.com

Fullerton Police Chief Michael Sellers has taken medical leave amid calls for his resignation as six of his officers are being investigated for their role in the death of a homeless man.

City Council members Bruce Whitaker and Sharon Quirk-Silva have called for Sellers to resign over what they said was a failure to provide some type of narrative to the public about Thomas' death. They also complained that information had been withheld from them, including a surveillance video that captured some of the struggle.

City Manager Joe Felz informed the council Wednesday that Sellers, whose annual salary and benefits total $228,576, was taking a medical leave of absence for an unspecified period of time. Capt. Kevin Hamilton, who heads the department's detective division, will take over command of the department.

City spokeswoman Sylvia Palmer Mudrick said the chief cannot be fired while on medical leave.

Twitter launches own photo-sharing tool - CNN.com

Twitter launches own photo-sharing tool - CNN.com

Twitter has launched its own photo-sharing tool, offering a native version of a feature that until now was mostly the domain of third-party apps like Twitpic and yfrog.

The feature first began trickling out to users after it was introduced in June. Twitter said this week that it has been made available to everyone on the site.

When a user clicks in the "What's Happening?" box, a camera icon now appears at the bottom. The user can click it to add an image to the tweet.

Twitter's photo-sharing is powered by Photobucket, which will host all uploaded images.

Wednesday, August 10, 2011

Comcast’s Internet Essentials: $10-a-Month Service for Low-Income Families | Moneyland | TIME.com

Comcast’s Internet Essentials: $10-a-Month Service for Low-Income Families | Moneyland | TIME.com

If you live in an area served by Comcast and your kids receive free lunches at school through the National School Lunch Program, you may qualify for a new Internet service from Comcast, which costs just $9.95 a month.

Along with the requirements above, to be eligible for the specially discounted service, dubbed Internet Essentials, you must also not have signed up for a Comcast Internet hookup over the last 90 days, and you must not have an overdue Comcast bill or still be hanging onto Comcast equipment that’s supposed to be returned.

To sign up for the service, call Comcast (1-855-846-8376) and request an application sent in the mail. Internet Essentials will be available starting with the 2011-2012 school year, it’ll be available for signups over the next three school years, and it’s guaranteed to remain priced at $9.95 per month so long as the subscriber has a child receiving free lunch at school and doesn’t close or violate the terms of the Comcast account. Comcast is also selling laptops to eligible families at a discounted price of $149.95, and is offering free Internet training to boot, all part of the new initiative.



TUSD spending $92K to attract Anglo kids

TUSD spending $92K to attract Anglo kids

The Tucson Unified School District is working to attract non-minority students to three of its magnet schools.

Robison K-5 Magnet, Ochoa Magnet Elementary and Safford K-8 Magnet schools will be the focus of a television, radio and Internet marketing campaign.

The $92,000 campaign, approved 4-1 by the TUSD Governing Board on Tuesday night, will be funded by a federal grant geared toward bringing diverse groups of children together.

Board President Mark Stegeman voted no. He was concerned about spending that much on marketing, not education.

TUSD was one of 36 districts across the country to receive such a grant from the U.S. Department of Education, and the only recipient in Arizona.

"The intent of the magnet schools has always been to attract a variety of students," said TUSD Superintendent John Pedicone. "But in a district where 75 percent of students are minority, the reality is there is a need to attract Caucasian kids to get some kind of balance. We must have processes that encourage students from all ends of the district to access the opportune programs available."



Philly mayor: 'No excuses' for flash mob attacks - CNN

Philly mayor: 'No excuses' for flash mob attacks - CNN

Philadelphia's mayor described his stiff curfew on teenagers' "flash mob" attacks on city residents as a dose of "tough love" and called for parents to keep better watch on their kids.

"I have an understanding of what of our parents are facing, but others are in very challenging situations, and I appreciate that and understand that, but there is no excuse for young people being out so late at night by themselves and then making bad decisions and literally assaulting other citizens," Mayor Michael Nutter told CNN's "American Morning" on Tuesday. "I will not tolerate that."

The mayor lashed out at the attackers, saying "you've damaged yourself, you've damaged another person, you've damaged your peers and, quite honestly, you've damage your own race."

Comcast bans man from Internet for using too much data - CNN.com

Comcast bans man from Internet for using too much data - CNN.com

The end of the internet comes not with a bang or a procession of four lolcats of the apocalypse, but just with two blinking lights on a modem.

At least that's how it came for Andre Vrignaud, a 39-year-old gaming consultant in Seattle, when Comcast shut him off from the internet for using too much data.

Vrignaud, it seems, committed the foul of using more than 250 GB of data on Comcast two months in a row, triggering the company's overage policy that results in a year-long ban from using its services.

"If I'd been foolish enough to depend on something like Skype or some other VOIP service for 911, I would have been hosed," Vrignaud said, arguing that internet service has become a utility much like water and electricity -- services that can't easily be turned off, due to regulations.

Report: GOP retains Wisconsin senate control in recall battle - CNN.com

Report: GOP retains Wisconsin senate control in recall battle - CNN.com

Republicans retained four of the six state Senate seats that were in jeopardy in Tuesday's recall elections in Wisconsin, the Milwaukee Journal-Sentinel reported.

Democrats won two seats but needed three to take control, the newspaper reported.

"Today, Wisconsin voters rejected the reckless spending of Wisconsin Democrats and the downgrade-inducing policies of their Washington counterparts. They have given their seal of approval to Republicans' successful efforts to balance the budget and ensure a healthy economy," Priebus said.

Tuesday, August 9, 2011

IRS Buckled To GOP Pressure On Secret Donations, Lawyer Says

IRS Buckled To GOP Pressure On Secret Donations, Lawyer Says

The Internal Revenue Service succumbed to pressure from Republican members of Congress last month when it suddenly shut down its examinations into whether five large donors had violated the law by not declaring their contributions to political 501(c)(4) groups as gifts, a lawyer representing progressive donors alleged Monday.

The IRS initially defended the examinations after their existence was made public, saying they had been initiated by career civil servants, and were not political in nature.

But noting the historic lack of enforcement of the provision, six Republican members of the Senate Budget Committee, led by Sen. Orrin Hatch (R-Utah), and House Ways and Means Committee Chairman Dave Camp (R-Mich.), accused the IRS of pursuing a Democratic political vendetta.

And on July 7, the IRS shut everything down until further notice. The five donors have never been identified

Britain Burning: Riots Rattle London, Spread Across U.K. - ABC News

Britain Burning: Riots Rattle London, Spread Across U.K. - ABC News

Polls Open For Wisconsin Recall Vote - NYTimes.com

Polls Open For Wisconsin Recall Vote - NYTimes.com

Polling stations opened Tuesday morning in Wisconsin as voters cast ballots to decide whether to remove six Republican state senators, the latest chapter in what has been one of the most polarized, vitriolic political years in the state in memory.

Republicans hold a 19-to-14 advantage in the State Senate, so the election could tip the balance in favor of Democrats in the upper chamber, but the vote is being more widely seen as a referendum on the policies of the state’s Republican governor, Scott Walker, and as a potential preview of the 2012 presidential election in Wisconsin, which is expected to be a crucial swing state.

Within Wisconsin, where the recall efforts took root during a fierce standoff in the Legislature over the collective-bargaining cuts, the signs of anger are everywhere. Complaints of stolen campaign signs have cropped up in many Senate districts. Claims of dirty tricks (including reports of misleading campaign literature and gift-card offers in exchange for votes) are rampant. And Mr. Walker, who has become a focus of this state’s division and who may himself face recall next year, has been greeted with dueling contingents of protesters and supporters in even the most traditionally polite setting, the opening festivities last week in West Allis for the State Fair.

S&P's downgrade may be more about political than financial risk - latimes.com

S&P's downgrade may be more about political than financial risk - latimes.com

The credit ratings firm Standard & Poor's didn't enhance its tarnished credibility with its decision Friday to downgrade Treasury securities from "risk-free" AAA to AA+. Having seen no evil during much of the housing boom, S&P has flipped to the other extreme in regard to Washington's fiscal problems, declaring T-bills to be a less reliable investment than bonds issued by Luxembourg or the Isle of Man. Its overreaction prompted sell-offs in financial markets around the globe, causing billions of dollars worth of equity to evaporate.

Credit rating agencies are supposed to make judgments about financial risks, not political ones. And on financial terms, it's hard to justify even a slight downgrade on U.S. bonds. The 14th Amendment arguably requires that the Treasury pay bondholders ahead of any other creditor. Even with the enormous deficits the government has been running, Washington still collects far more money each month than is needed to stay current on its debt payments.

One of S&P's main complaints was that the $2.4 trillion to $2.7 trillion in deficit reduction that Congress and President Obama finally agreed to this month wasn't enough to stop the U.S. debt from growing relative to the size of the economy. Its initial analysis, however, was based on outdated budget projections that ignored previous spending cuts, throwing its calculations off by $2 trillion. Yet it stuck by its conclusions despite the error, suggesting that the data weren't as important as the politics.

T-Mobile payment system leaves users vulnerable, report says - latimes.com

T-Mobile payment system leaves users vulnerable, report says - latimes.com

T-Mobile's new smartphone-based payment system won't adequately protect users from mistakes, theft and fraud, according to Consumers Union, the publisher of Consumer Reports magazine.

T-Mobile last week announced its so-called Direct Carrier Billing, which will let T-Mobile users buy content off the Web using a T-Mobile account, allowing users to avoid the hassle of entering credit card numbers every time they buy something online. The service will be available later this month, the company says.

But critics say consumers should be careful. Legal protections limit users' liability if their credit and (to a lesser extent) debit cards are used to make unauthorized purchases, but transactions with T-Mobile phones are not afforded the same protections. In general, once consumers report unapproved transactions on their cards, they are liable for the first $50 but no more.

With T-Mobile's system, however, if you find a huge charge you didn't make, you must rely on the good faith of T-Mobile, said Michelle Jun, a senior attorney at Consumers Union. That means the company has discretion to approve a refund -- or not.

Monday, August 8, 2011

Fallon's Thank You Notes To PayPal, Salmonella, DMX & More (VIDEO)

Fallon's Thank You Notes To PayPal, Salmonella, DMX & More (VIDEO)

Presidential Material......YIKES !

Newsweek's Michele Bachmann Cover Raises Eyebrows (PHOTO, POLL)

Judge H. Lee Sarokin: I Want My America Back -- not the Tea Party's America

Judge H. Lee Sarokin: I Want My America Back -- not the Tea Party's America

When I was a kid and we were deciding what games to play and how to play them, our slogan was "the majority rules." That constant and lofty principle ranked right up there with "loser walks" after a touchdown in sandlot football. The bullies and the brats who stamped their feet to get their way did not make the rules. We carried the concept of majority rule into our adult lives and assumed it applied to government as well, but apparently that is no longer the case. Some of our elected representatives would bring down this country in pursuit of their own jihad. The majority no longer rules, and we are all losers as a result. When have we ever had a statute enacted when so many legislators voted their approval and simultaneously voiced their disapproval? The country is in a state of despair -- and for good reason. The stock market has obviously given the debt-ceiling "compromise" and the debate leading up to it a flunking grade as has Standard & Poor's.

Boehner, Republicans Demand Geithner Quit

Boehner, Republicans Demand Geithner Quit

House Speaker John Boehner and several other prominent members of Congress want Treasury Secretary Timothy Geithner to quit or be fired.

But Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.

"I love my work. And I think if a president asks you to serve, you have to do it," Geithner told NBC/CNBC in an interview.

With the U.S. unemployment rate above nine percent and the economy still scarred by crisis, "we still have a lot of work to do", he added.



Homeland Security cancels immigration agreements with states - latimes.com

Homeland Security cancels immigration agreements with states - latimes.com

After months of protest from some Democratic governors, the Obama administration is cancelling more than 40 agreements it has signed with states under the Secure Communities program, although the move will have no apparent impact on the controversial effort to identify and deport convicted felons.

The Department of Homeland Security notified governors Friday that the program does not need their approval to operate, and the cancellations will not affect the ability to check the immigration status of anyone whose fingerprints are in an FBI criminal database, according to a copy of the letter obtained by the Los Angeles Times.

Click on link to view letter

UCLA summer academy aims to steer foster children toward college - latimes.com

UCLA summer academy aims to steer foster children toward college - latimes.com

For foster children, the prospect of ever completing college is remote: 24% of the general population will someday wear a university cap and gown, but fewer than 3% of all foster children ever earn a degree.

But a privately funded pilot program at UCLA hopes to improve the odds.

The First Star UCLA Bruin Guardian Scholars Summer Academy is a 5 1/2-week program that sponsors and fundraisers hope will one day develop into a year-round boarding school for college-bound foster children in Los Angeles County.

Strike hits Verizon as 45,000 walk out - CNN.com

Strike hits Verizon as 45,000 walk out - CNN.com

About 45,000 unionized workers at telecommunications giant Verizon walked off the job Sunday after contract talks stalled over the weekend, the company and union leaders said.

Contracts with the Communication Workers of America and the International Brotherhood of Electrical Workers from Virginia to Massachusetts expired at midnight Saturday.

The walkout does not affect Verizon's wireless customers, and Verizon spokesman Peter Thonis said the company's phone lines were up and running Sunday with managers replacing the striking workers.

Video shows white teens driving over, killing black man, says DA - CNN.com

Video shows white teens driving over, killing black man, says DA - CNN.com

Sunday, August 7, 2011

Tripp Levy PLLC Announces Investigation of Telmex - MarketWatch

Tripp Levy PLLC Announces Investigation of Telmex - MarketWatch

The investigation concerns, among other things, whether the consideration to be paid to Telmex shareholders is unfair, inadequate, and substantially below the fair or inherent value of Telmex. Indeed, analysts estimate the true inherent value of the stock is worth at least $22 per ADR. The investigation further concerns whether the board of directors of Telmex may have breached their fiduciary duties by not acting in Telmex shareholders' best interests in connection with the sale process of Telmex.

If you own Telmex common stock or ADR's and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact


Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975 877-772-3975
Email: contact@tripplevy.com

Friday, August 5, 2011

S.&P. Downgrades U.S. Long-Term Debt - NYTimes.com

S.&P. Downgrades U.S. Long-Term Debt - NYTimes.com

Standard & Poor’s removed the United States government from its list of risk-free borrowers for the first time on Friday night, a downgrade that is freighted with symbolic significance but carries few clear financial implications.

TGIF: For all the working people out there, and let the weekend begin!

‪Thank God it's friday!‬‏ - YouTube

Terrifying footage shows bus gun attack 'after man dared to complain about mother spanking her child' | Mail Online

Terrifying footage shows bus gun attack 'after man dared to complain about mother spanking her child' | Mail Online

Video: Gunmen Open Fire at Bus in Philadelphia: MyFoxNY.com

Prosecutors: AZ border agents made smugglers eat marijuana, strip

Prosecutors: AZ border agents made smugglers eat marijuana, strip

Two Border Patrol agents were indicted on Thursday on charges in connection with forcing a group of suspected drug smugglers to eat marijuana, take off their clothes and flee into the cold desert night instead of arresting them.

The agents encountered four Mexican men who were part of larger group of drug smugglers. Instead of apprehending them, the agents forced them to eat marijuana and strip to their underwear. The agents set fire to their belongings and told the men to flee into the remote desert area on a night when temperatures were about 40 degrees, the indictment shows.

No arrests 3 months after killing by SWAT

No arrests 3 months after killing by SWAT

No arrests have been made in the three months since Jose Guerena was killed by a SWAT team during a raid of his home that officials said was part of a complex drug-trafficking investigation involving numerous people.

Stolen cars, drugs, cash and weapons were found in another one of the four houses raided that May 5 morning, but Sheriff Clarence Dupnik said no one has been arrested because an ongoing homicide investigation tied to this case is "much bigger."

"We could go out and make some arrests today, and we could've made some arrests some time ago, but we have two different investigations going on and the homicide is a priority," Dupnik said. "And we don't want to turn off the flow of certain information."

Jobless vet: It was easier in Iraq than at home - CBS News

Jobless vet: It was easier in Iraq than at home - CBS News

Obama Administration Brings Immigration Legal Fight to Alabama | Swampland

Obama Administration Brings Immigration Legal Fight to Alabama | Swampland

One of the most remarkable things to come out of Washington this week had nothing to do with debt. It was about immigration. The Obama Administration on Monday filed a legal challenge to Alabama’s new immigration law, further animating the longstanding tension between federal supremacy and states’ rights. But it is especially noteworthy, given that Alabama is among the states, many of them Southern, that in recent months have enacted some of the nation’s most restrictive immigration policies.

Christine Pelosi: Free America From GOP Hostage Takers in Wisconsin

Christine Pelosi: Free America From GOP Hostage Takers in Wisconsin

What happens in Wisconsin will not stay in Wisconsin -- it will spread across the country as a shining example or cautionary tale for President Obama. The stark contrast between the first two years and the last eight months of the Obama presidency comes down to one basic truth: elections have consequences. With a progressive Congress we saw a Recovery Act that created or saved 3.5 million jobs, healthcare reform, Wall Street reform, Don't Ask Don't Tell repeal, and unprecedented veterans benefits. With a tea party Congress we've endured a self-described "war" on women's health and "hostage" taking with the manufactured debt crisis.

We can't change the political environment unless we prove we can win. Do your part by calling Wisconsin today. Karl Rove is getting involved, the Koch bothers are getting involved -- why not you?

Nancy Pelosi: Dems Will Be Forceful On Super Committee But Won't Draw 'Lines In The Sand'

Nancy Pelosi: Dems Will Be Forceful On Super Committee But Won't Draw 'Lines In The Sand'

Frustration on and off the Hill is mounting for Democrats who are worried that the newly created debt reduction "super committee" will either find itself deadlocked or end up with members of their party making more concessions than their Republican counterparts.

Even before a single member of that 12-person committee has been appointed, signs are emerging that GOP leadership will be far more intransigent during the process. Both Senate Minority Leader Mitch McConnell (R-Ky.) and House Majority Leader Eric Cantor (R-Va.) have insisted that they won't appoint anyone in their respective conferences who are open to the idea that tax rates should be increased.

Congressional Job Approval Nears 'Lowest Ever' Levels: What Can Turn It Around?

Congressional Job Approval Nears 'Lowest Ever' Levels: What Can Turn It Around?

The new CNN/ORC International poll conducted Monday night shows congressional job approval falling to or matching record low levels. Scholars who have studied decades of public opinion data argue that these ratings mostly reflect the condition of the economy, so members of Congress who want to turn the numbers around need to focus on making the economy grow.

This poll was followed Thursday night by a New York Times/CBS News poll which also shows Congress' approval rating falling to 14 percent, with a record 82 percent of Americans now disapproving of the way Congress is handling its job -- "the most since the Times first began asking the question in 1977, and even more than after another political stalemate led to a shutdown of the federal government in 1995," the Times writes.

Thursday, August 4, 2011

We may not always agree w/you BUT !....Happy B-Day Mr Prez

‪HAPPY BIRTHDAY SONG - FELIZ CUMPLEAñOS SALSA MUSIC‬‏ - YouTube

National Rifle Association To File Lawsuit Over Bulk Gun Sales Rule

National Rifle Association To File Lawsuit Over Bulk Gun Sales Rule

Two Arizona gun dealers backed by the National Rifle Association, one of the most powerful lobbying groups in Washington, will file a lawsuit in Washington as will the National Shooting Sports Foundation which represents the firearms industry, the groups said.

They will argue that ATF was not authorized by the Congress to require reporting such information about semi-automatic rifles purchases, rather it was only allowed to require reporting about handgun and revolver sales, according to copies of the lawsuits.

Tea Party To Push Paul Ryan Medicare Plan In Town Halls...Freaks in charge

Tea Party To Push Paul Ryan Medicare Plan In Town Halls

With Medicare at the top of lawmakers' fall agenda, Tea Party movement leaders hope to ignite support for Republican plans to transform the popular federal healthcare program for the elderly.

Thousands of Tea Party movement activists are expected to descend this month on town hall meetings across key battleground states as part of an intensifying campaign ahead of the 2012 presidential and congressional elections.

By David Morgan Reuters

TIME Magazine Cover: The Great American Downgrade - Aug. 15, 2011 - Economy - Politics -

TIME Magazine Cover: The Great American Downgrade - Aug. 15, 2011 - Economy - Politics -

Congress hits beach, aviation workers hit unemployment lines - CNN.com

Congress hits beach, aviation workers hit unemployment lines - CNN.com

FBI conducts child pornography search at L.A. official's home - latimes.com

FBI conducts child pornography search at L.A. official's home - latimes.com

FBI agents have searched the Tarzana home of an appointee of Los Angeles Mayor Antonio Villaraigosa to determine whether he or anyone else at the residence might have downloaded child pornography, according to authorities and documents released Wednesday.

Investigators went Friday to the home of Albert Abrams, until this week president of the Board of Neighborhood Commissioners, a seven-member panel that oversees dozens of neighborhood councils. No one has been arrested or charged and the investigation is continuing, said FBI spokeswoman Laura Eimiller.

Computers and other evidence were seized at the home, she said.

Villaraigosa's office issued a statement saying the mayor had accepted Abrams' resignation.

Los Angeles getting tougher on street-corner animal sales - latimes.com

Los Angeles getting tougher on street-corner animal sales - latimes.com

City officials say the sidewalk sale of animals is an underground economy that has gotten out of hand. In hopes of stopping it, they've passed a law that makes buying animals on public streets or sidewalks illegal.

The ordinance approved preliminarily by the Los Angeles City Council on Wednesday calls for penalties of $250 for the first violation, $500 for the second and $1,000 for the third. The measure will come back to the council for a final vote Aug. 10.

Cargill recalls 36 million pounds of ground turkey - CNN.com

Cargill recalls 36 million pounds of ground turkey - CNN.com

Cargill Meat Solutions Corporation announced Wednesday an immediate voluntary recall of approximately 36 million pounds of ground turkey meat because it may be contaminated with salmonella bacteria.

Federal health authorities said Tuesday that an outbreak of multi-drug-resistant Salmonella Heidelberg that has killed one person and sickened 76 others in 26 states appears to have been traced to ground turkey products.

Consumers are being encouraged to return any opened or unopened packages for a full refund.

SHAMEFULL !

Obama, LaHood call on Congress to solve FAA funding dispute - CNN.com

Wednesday, August 3, 2011

Racially tinged remarks prompt hasty backtracking - latimes.com

Racially tinged remarks prompt hasty backtracking - latimes.com

For those who still think the election of Barack Obama as the nation’s first African American president has ushered in the era of post-racial politics, consider the racially loaded terms "tar baby" and "boy."

Both slurs have returned to the political arena, forcing those uttering them — a sitting congressman and a prominent commentator who tried to become president himself — to quickly backtrack and explain the usage.

Amid the fiercely partisan battles over raising the debt ceiling, Colorado Republican Rep. Doug Lamborn took to the airwaves last week to criticize Obama’s policies, infelicitously comparing them to a “tar baby.”

Telmex Offer Does Little for Shareholders - NYTimes.com

Telmex Offer Does Little for Shareholders - NYTimes.com

The Mexican billionaire Carlos Slim Helú’s $6.5 billion tender offer for Telmex offers little for shareholders in his América Móvil, the large cellphone carrier, to be happy about. América Móvil is buying out the remainder of Telmex, the country’s shrinking landline business, at a premium valuation relative to its own. That looks like a bad exchange.

If cost savings do not appear, it will take many years of the extra cash flow to compensate for the billions América Móvil is paying. Indeed, if Telmex keeps losing business, which seems inevitable, América Móvil may never reap an acceptable return on its investment. The $5 billion fall in América Móvil’s market value on Tuesday suggests minority investors would have preferred a dividend. But with Mr. Slim running the show, it does not really matter what other investors want.

FAA Shutdown Means Workers Must Pay To Work

FAA Shutdown Means Workers Must Pay To Work

The failure of Congress to authorize a budget for the Federal Aviation Administration has put some 4,000 agency employees and tens of thousands of contractors temporarily out of work. But even some FAA workers who haven't been furloughed find themselves in a peculiar financial jam.

Roughly 40 FAA inspectors have been asked to continue working despite the stoppage because their jobs are important for air safety. Yet since Congress hasn't allocated money to the agency, these employees have to cover their own travel expenses until the shutdown is resolved. Although their wages and expenses will eventually be recouped, these workers will end up covering work-related credit charges -- and possibly interest -- until funding is freed up.

The inspectors are among the thousands who will suffer the real consequences of congressional deadlock.

With the process stalled, Democrats fumed over what they described as a shotgun approach to negotiating by Republicans.

"The House Republicans' insistence on attaching anti-worker provisions to an aviation bill has brought about a terrible stalemate that is hurting the economy," Sen. Jay Rockefeller (D-W.Va.) said in a statement. "From day 1, House GOP leaders admitted openly -- almost proudly -- that they were doing this to gain 'leverage' toward a larger goal -- undermining worker rights."

Obama And McConnell: Debt Ceiling Gives GOP's Great Dismantler His Moment

Obama And McConnell: Debt Ceiling Gives GOP's Great Dismantler His Moment

If you haven't noticed, this is Mitch McConnell's moment. And if you haven't realized it, this won't be the last. In fact, there will be many more, especially if -- as is quite possible -- he becomes Republican majority leader of the Senate after next year's elections.

The president thinks that the "super committee" that now will be appointed will be able to -- and will -- recommend revenue increases and even tax cuts when it has to report Nov. 23. There may indeed be some loophole closings, but don't count on it.

Was the president listening today when McConnell discussed the "super committee" group of 12, which will include six Republicans and six Democrats? McConnell called it the "cost-cutting committee."

Republicans' Debt-Ceiling-Deal Agenda: Defund the EPA - TIME

Republicans' Debt-Ceiling-Deal Agenda: Defund the EPA - TIME

It was lost in the endless drama of the debt-ceiling negotiations, but last week, the Republicans in charge of the House of Representatives launched an unprecedented attack on the U.S.'s environmental protections. GOP Representatives added rider after rider to the 2012 spending bill for the Environmental Protection Agency and the Interior Department, tacking on amendments that would essentially prevent those agencies — charged with protecting America's air, water and wildlife — from doing their jobs.

Last week's riderfest wasn't unusual for the 112th U.S. Congress. Representatives Henry Waxman and Edward Markey — two senior Democrats with solid green credentials — recently charted all the votes taken so far this year and calculated that the Republican-led House has voted to "stop," "block" or "undermine" efforts to protect the environment 110 times since January. As Natural Resources Defense Council president Frances Beinecke wrote recently, this body of lawmakers stands an excellent chance of becoming "the most anti-environment House of Representatives" in U.S. history.

Pat Buchanan Calls Obama 'Your Boy' To Al Sharpton, Clarifies Remark (VIDEO)

Pat Buchanan Calls Obama 'Your Boy' To Al Sharpton, Clarifies Remark (VIDEO)

Visit msnbc.com for breaking news, world news, and news about the economy

Tuesday, August 2, 2011

The Tea Party’s War on America - NYTimes.com

The Tea Party’s War on America - NYTimes.com

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransigent demands for deep spending cuts, coupled with their almost gleeful willingness to destroy one of America’s most invaluable assets, its full faith and credit, were incredibly irresponsible. But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.

All day Monday, the blogosphere and the talk shows mused about which party would come out ahead politically. Honestly, who cares? What ought to matter is not how these spending cuts will affect our politicians, but how they’ll affect the country. And I’m not even talking about the terrible toll $2.4 trillion in cuts will take on the poor and the middle class. I am talking about their effect on America’s still-ailing economy.

CDC: 1 death, 76 illnesses linked to ground turkey : The Associated Press

News from The Associated Press

Federal officials say one person has died from salmonella poisoning that appears to be linked to eating ground turkey, but the government is still investigating who produced the meat and has not initiated a recall.

The illnesses are spread all over the country. The states with the highest number sickened were Michigan and Ohio, 10 illnesses each, while nine illnesses were reported in Texas. Illinois had seven, California six and Pennsylvania five.

The remaining states have between one and three reported illnesses linked to the outbreak, according to the CDC: Alabama, Arizona, Georgia, Iowa, Indiana, Kentucky, Louisiana, Massachusetts, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, Nevada, New York, Oklahoma, Oregon, South Dakota, Tennessee and Wisconsin.

1 million older Ford pickups to be recalled over fire danger - latimes.com

1 million older Ford pickups to be recalled over fire danger - latimes.com

Ford Motor Co. is recalling more than 1 million pickup trucks, including the popular F-150, in the United States because corrosion problems can cause the vehicles to catch fire.

Straps that hold the fuel tanks to the truck can corrode after heavy use, potentially leading to fires if the tank drops and leaks, Ford said Monday.

The recall affects 1.22 million older trucks sold or registered in 21 states, Washington D.C. and Canada. The vehicles are in cold regions where corrosion from road salt occurs more frequently. Trucks sold or registered in California are not part of the recall.

The Dearborn, Mich., automaker plans to notify affected owners in mid-September and will repair the trucks for free. Models affected are the 1997 to 2003 Ford F-150; the 2004 F-150 Heritage; the 1997 to 1999 F-250; and the 2002 to 2003 Lincoln Blackwood.

Debt ceiling poll: Americans united in their disgust with Congress - latimes.com

Debt ceiling poll: Americans united in their disgust with Congress - latimes.com

People may disagree about the value of the pending debt-ceiling compromise, but the one thing that seems to unite just about everyone, regardless of their political leanings, is that the recent negotiations were a low point in the political process, according to a poll released Monday by the Pew Research Center for the People and the Press and the Washington Post.

While the Washington political world seemed sharply divided in the partisan deadlock of democracy, the rest of the country found unity in seeing the misery. A staggering 72% had nothing but derision in describing the process, using terms such as a "ridiculous," "disgusting," "stupid" and "frustrating." Other frequently used terms included "terrible," "disappointing," "childish" and "a joke," the survey found.


But all was not completely bleak: 2% found something nice to say about the process and 11% said they were neutral despite the wave of media coverage on the issue. Democrats were more likely than Republicans to have a positive view, but it was still just 4%.

Debt ceiling deal doesn't solve long-term problems - latimes.com

Debt ceiling deal doesn't solve long-term problems - latimes.com

Reporting from Washington— High-stakes negotiations force people to reveal what they really care about, and in the 11th-hour deal to stave off a federal financial default, President Obama and congressional Democrats and Republicans each made clear their top priorities.

For Republicans, it was preventing any tax increase to upper-income families.

For Democrats, it was ensuring no cuts to Social Security, Medicaid and a handful of other programs that aid the elderly and the poor.

And for Obama, it was getting a deal that would end the threat of an economy-shaking default until after the 2012 presidential election.

None of the key players was willing to go all out to actually solve the nation's long-term financial problems. As a result, the deal doesn't.

Los Angeles County retirees won't disclose pension information - latimes.com

Los Angeles County retirees won't disclose pension information - latimes.com

In the last two months, appeals courts have ordered retirement associations in Sacramento and San Diego counties to disclose the information, and agencies in other California counties are complying with requests to release information on the pensions of retirees.

But the Los Angeles County retirement association has had a long-standing policy of refusing to identify by name how much county retirees are receiving. The Times began renewing its requests to access the data over the last nine months, and the association has continued to reject them, most recently last week.

Monday, August 1, 2011

House Passes Bill on Debt Ceiling - NYTimes.com

House Passes Bill on Debt Ceiling - NYTimes.com

The House of Representatives on Monday passed the landmark compromise to raise the debt ceiling and sharply cut spending, drawing a solid majority of the Republicans, along with about half of the Democrats, to push through a package that was described by many as an unpalatable necessity.

‪Rep. Giffords Gets Standing Ovation in Return to Congress‬‏ - YouTube

‪Rep. Giffords Gets Standing Ovation in Return to Congress‬‏ - YouTube

Obama for America | 2012 | The President's message on the debt agreement

Obama for America | 2012 | The President's message on the debt agreement



For more about the nuts and bolts of the debt agreement:

Click on link to view the following:

Download a PDF fact sheet
Take a look at an infographic

Are baby boomers to blame for debt crisis? - CNN

Are baby boomers to blame for debt crisis? - CNN

Baby boomers -- those born between 1946 and 1964 -- have been described as "the pig in the python" and the "sandwich generation."

They lived well, grew up in relative abundance and, some say, expected their Social Security, health care and government support to be there as they grew old.

Now, as the future of the country's economy is up in the air, is this group of 80 million aging Americans -- many of whom are sprinting toward retirement age -- the ones to blame for the nation's shaky economic system?


Click on link to view full story...something to think about.

AT&T says it will throttle heavy data users | Wireless - CNET News

AT&T says it will throttle heavy data users | Wireless - CNET News

AT&T confirmed today that it will begin throttling the heaviest data users of its wireless network starting October 1.

The new policy will affect only customers who still have an unlimited data plan, and only apply to the top 5 percent of that base. Throttling is when a carrier will slow down the connection of a device to keep it from consuming more data. AT&T hasn't specified what the threshold will be--it says the amount of data that would trigger throttling would vary from month to month.

AT&T is just the latest carrier to take this step as the industry wrestles with how to deal with the explosion of wireless data user. The move is illustrative of the difficulties it faces, and signals that the era of all-you-can-eat data is nearly over.

AT&T follows T-Mobile USA, which was one of the first carriers to employ throttling. Sprint Nextel's prepaid arm Virgin Mobile recently said it planned to move to a throttling model after ditching a truly unlimited plan.

AT&T says it will throttle heavy data users | Wireless - CNET News

AT&T says it will throttle heavy data users | Wireless - CNET News

AT&T confirmed today that it will begin throttling the heaviest data users of its wireless network starting October 1.

The new policy will affect only customers who still have an unlimited data plan, and only apply to the top 5 percent of that base. Throttling is when a carrier will slow down the connection of a device to keep it from consuming more data. AT&T hasn't specified what the threshold will be--it says the amount of data that would trigger throttling would vary from month to month.

AT&T is just the latest carrier to take this step as the industry wrestles with how to deal with the explosion of wireless data user. The move is illustrative of the difficulties it faces, and signals that the era of all-you-can-eat data is nearly over.

AT&T follows T-Mobile USA, which was one of the first carriers to employ throttling. Sprint Nextel's prepaid arm Virgin Mobile recently said it planned to move to a throttling model after ditching a truly unlimited plan.

Obama Surrenders

Obama Surrenders

Paul Krugman says the deal reached last night to raise the nation's debt ceiling "is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America's long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status."

Jonathan Chait: "Once it had agreed to negotiate a ransom payment, the administration was left with a series of bad options."

Robert Reich: "Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics."

Leaders Agree on Framework of Deal to End Debt Crisis - NYTimes.com

Leaders Agree on Framework of Deal to End Debt Crisis - NYTimes.com

President Obama and Congressional leaders of both parties said late Sunday that they had agreed to a framework for a budget deal that would cut trillions of dollars in federal spending over the next decade and clear the way for an increase in the government’s borrowing limit.

The tentative agreement calls for at least $2.4 trillion in spending cuts over 10 years, a new Congressional committee to recommend a deficit-reduction proposal by Thanksgiving, and a two-step increase in the debt ceiling.